News
Guyana Goldfields rejects Gran Colombia acquisition
Published: Friday, 29 May 2020 20:00 | 
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| (Kitco News) - Preferring to make a deal with Silvercorp Metals, Guyana Goldfields said Wednesday its board of directors rejected the takeover attempt by Gran Colombia proposed earlier this week.
Gold is Goldman Sachs' favorite commodity
Published: Friday, 29 May 2020 20:00 | |
| (Kitco News) - Goldman Sachs continued to reiterate its bullish outlook for gold with the firm’s global head of commodity Jeffrey Currie saying in an interview with Bloomberg TV that the yellow metal is his favorite commodity to trade.
Gold, silver up on safe-haven demand amid gloomy economic outlooks
Published: Friday, 29 May 2020 20:00 | |
| (Kitco News) - Gold and silver prices are solidly up in midday U.S. trading Thursday. Safe-haven demand is featured late this week as global stock markets have become shaky again.
'Lack of new major gold deposits': Discovery numbers dive in the last decade - S&P Global Market Intelligence
Published: Friday, 29 May 2020 20:00 | |
| (Kitco News) - New major gold discoveries have been on a decline this past decade, according to a report by S&P Global Market Intelligence.
Fed officials says no negative rates; gold prices would benefit if they change their minds
Published: Friday, 29 May 2020 20:00 | |
| (Kitco News) - Market participants are having a hard time forgetting about negative interest rates in the U.S., even though Federal Reserve officials keep saying they won’t happen. However, analysts said that if rates end up going negative after all, that would be a boon to gold.